Can sale deed be reverted by cancellation deed or re-conveyance deed

Praneeth (Querist) 02 July 2016 This query is : Resolved
Hi All,

X bought a property last week and got registered on his name through sale deed. Now he wants to revert the deal because of his own personal reason. So, to do that do he need to file a cancellation deed or re-conveyance deed.

X paid to vendor via cheque and the cheque amount got deposited into vendor's account. And cheque number is mentioned in the sale deed as well.
More over the person who sold the property has accepted to revert the deal.

->Please let me know how can X transfer ownership of property(land) from his name to earlier owner.

->And also let me know the stamp duty for cancellation deed and re-conveyance deed.

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Devajyoti Barman (Expert) 02 July 2016
The gift deed once executed and registered can not be revoked/cancelled at the wish of the donor.
However if the donee is willing he can gift it back to the donor by execution and registration of another gift deed.

Praneeth (Querist) 02 July 2016
Thank you Mr.Devajyoti Barman for valuable information.

Does this apply for sale deed as well? And to transfer ownership of property to earlier owner do we need to execute another sale deed?

Siddharth Dev (Expert) 02 July 2016
It will be waste of time to discuss law and law will not take you by soft hands and can not help you anymore. In a straight way i suggest you don't go for either cancellation or, re-conveyance deed. you can transfer the property in non-testamentary way.

Thank you;
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Kumar Doab (Expert) 02 July 2016
The facts of the matter have been discussed and advised accordingly in following threads:

http://www.lawyersclubindia.com/experts/Sale-Deed-cancellation-605571.asp

http://www.lawyersclubindia.com/experts/Time-period-to-cancel-a-sale-deed-606001.asp